Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Producer Price Index MoM fell to 0.8% in June 2026
FMPMonthlyReleased July 2026
Portugal Producer Price Index MoM fell to 0.8% in June 2026, released July 2026, down 0.2% from May's 1.0% reading. The print exceeded the -0.3% consensus by 1.1%. Producer Price Index MoM has now declined for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.7%, vs 0.37% in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
0.8
Actual
-0.3
Consensus
1
Previous
Median Absolute Error
±0.73 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.03
Actual: 0.8
Error: -0.78
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.80 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.62 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Portugal) was reported at 0.8% in July 2026. This beat the market consensus of -0.3% by 1.1%. The reading fell from the previous value of 1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.25%, ranging from -1.1% to 2.4% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 1.4%, up from the prior three at -0.27%. Volatility over the past year (σ 0.89%) is comparable than the prior year (σ 0.93%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.73%.
WHAT TO WATCH NEXT
The next release is scheduled for August 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Producer Price Index MoM - PT
Loading chart data...
About Producer Price Index MoM — Portugal
DEFINITION
Portugal's Producer Price Index MoM rose 0.800000% in July, beating the -0.300000% estimate. This marks a decline from June's 1.000000%, indicating a slowdown in producer price growth. Markets will watch upcoming inflation data for further central bank guidance. Updated 7/20/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 0.8 %, consensus -0.3 %. Prior reading (May 2026): 1 %. Before that (Apr 2026): 2.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.80) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - PT Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | PT | GDP Growth Rate YoY | 2.5 | 2.4 | 1.8 | 2.15 | Low |
| 08:30 | PT | GDP Growth Rate QoQ | 0.8 | 0.1 | 0.4 | 0.60 | Low |
| 08:30 | PT | Business Confidence | 2.8 | 2.8 | 2.7 | 2.75 | Low |
| 08:30 | PT | Consumer Confidence | -22.6 | -25.9 | -26.4 | -24.50 | Low |
| 10:00 | PT | Retail Sales YoY | 3 | 2.8 | 2.2 | 2.88 | Low |
| 10:00 | PT | Retail Sales MoM | 1.7 | -0.2 | 0.2 | 0.93 | Low |